FIGS, Inc. (FIGS) vs Ermenegildo Zegna N.V. (ZGN)

FIGS, Inc. and Ermenegildo Zegna N.V. are both Apparel Manufacturing companies. Ermenegildo Zegna N.V. is the larger, with a market value of $7.1B against $2.1B — 3.4× the size. Ermenegildo Zegna N.V. has negative trailing earnings, so its P/E is not meaningful; FIGS, Inc. trades at 36.3×. FIGS, Inc. has the higher net margin (8.72% vs −1.64%) and the higher return on invested capital (29.2% vs 0.00%). Across the 19 metrics below, FIGS, Inc. leads on 13 and Ermenegildo Zegna N.V. on 6.

Valuation

Metric FIGS ZGN Apparel Manufacturing median
P/E 36.27 n/m 17.21
P/S 3.15 0.93 0.44
P/B 5.05 2.41 1.58
Price to free cash flow 22.98 9.94 9.18
EV/EBITDA 25.20 n/m 8.64
EV/Sales 2.73 0.93 0.54
Earnings yield 2.76% (1.16%) 0.00%
Free cash flow yield 4.35% 10.06% 9.25%

Profitability

Metric FIGS ZGN Apparel Manufacturing median
Gross margin 68.91% 0.00% 48.31%
Operating margin 9.60% 0.00% 2.46%
Net margin 8.72% (1.64%) (0.46%)
Free cash flow margin 13.69% 0.00% 5.26%
Return on equity 14.76% 0.00% 4.29%
Return on assets 11.26% 0.00% 0.00%
Return on invested capital 29.17% 0.00% 0.00%

Growth

Metric FIGS ZGN Apparel Manufacturing median
Revenue growth (TTM) 24.67% — 0.02%
EPS growth (last fiscal year) 1,158.28% 34.37% —
Revenue growth, 5-year CAGR 19.12% 7.10% 6.76%
Net income growth, 5-year CAGR (7.20%) 0.00% 0.00%

Health

Metric FIGS ZGN Apparel Manufacturing median
Debt to equity 0.00 0.20 0.23
Current ratio 4.96 1.47 1.81
Net debt to EBITDA (6.92) 0.07 (0.43)

Dividend

Metric FIGS ZGN Apparel Manufacturing median
Dividend yield — 1.05% 2.76%
Payout ratio 0.00 0.29 0.07

Size

Metric FIGS ZGN Apparel Manufacturing median
Market cap 2.07b 7.12b 402.31m

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